DOE Promises No More Solyndras

Law360, Washington (July 12, 2012, 2:43 PM EDT) -- The U.S. Department of Energy defended its highly debated loan program to House legislators on Thursday, saying it had already implemented changes to prevent another Solyndra LLC loan snafu and that Republicans' efforts to phase out the funding would punish the broader energy industry.

In Thursday's joint meeting of the House Energy and Commerce Committee's subcommittee on energy and power and subcommittee on oversight and investigations, research and policy experts commended lawmakers' efforts to prevent the federal government from issuing loans to clean technology companies under...